Energy Market, Trading & Risk Management 2
Niveau
Advanced
Learning outcomes of the courses/module
The participants:
• analyze complex market mechanisms and price-formation processes in different energy market segments
• evaluate regulatory interventions and market architectures with regard to their effect on market stability, competition and investment.
• develop advanced risk analyzes to derive strategic trading and procurement decisions.
• examine the fields of innovation of energy providers and assess their effects on energy markets and risks.
• reflect on dynamic market behavior in a simulation-based business game and derive overarching conclusions for real-world market and risk management.
• analyze complex market mechanisms and price-formation processes in different energy market segments
• evaluate regulatory interventions and market architectures with regard to their effect on market stability, competition and investment.
• develop advanced risk analyzes to derive strategic trading and procurement decisions.
• examine the fields of innovation of energy providers and assess their effects on energy markets and risks.
• reflect on dynamic market behavior in a simulation-based business game and derive overarching conclusions for real-world market and risk management.
Prerequisites for the course
Basics of energy trading & market mechanisms
Course content
- In-depth market mechanisms in electricity, gas and flexibility markets
- Methods of advanced risk management in energy trading
- Fields of innovation among energy providers and market participants
- Strategic behavior in volatile energy markets
- Effects of regulatory changes on trading, portfolios and investments
- Methods of advanced risk management in energy trading
- Fields of innovation among energy providers and market participants
- Strategic behavior in volatile energy markets
- Effects of regulatory changes on trading, portfolios and investments
Recommended specialist literature
- Bhattacharyya, S. C. (2019). Energy economics: Concepts, issues, markets and governance (2nd ed). Springer.
- Hafner, M., & Luciani, G. (Eds). (2022). The Palgrave Handbook of International Energy Economics. Springer International Publishing. https://doi.org/10.1007/978-3-030-86884-0
- Kandpal, V., Jaswal, A., Santibanez Gonzalez, E. D. R., & Agarwal, N. (2024). Sustainable Energy Transition: Circular Economy and Sustainable Financing for Environmental, Social and Governance (ESG) Practices. Springer Nature Switzerland. https://doi.org/10.1007/978-3-031-52943-6
- Müsgens, F., & Bade, A. (2024). Energy Trading and Risk Management. Springer Nature Switzerland. https://doi.org/10.1007/978-3-031-57238-8
- Thewissen, J., Arslan-Ayaydin, Ö., Westerman, W., & Dorsman, A. (Eds). (2024). The ESG Framework and the Energy Industry: Demand and Supply, Market Policies and Value Creation. Springer International Publishing. https://doi.org/10.1007/978-3-031-48457-5
- Hafner, M., & Luciani, G. (Eds). (2022). The Palgrave Handbook of International Energy Economics. Springer International Publishing. https://doi.org/10.1007/978-3-030-86884-0
- Kandpal, V., Jaswal, A., Santibanez Gonzalez, E. D. R., & Agarwal, N. (2024). Sustainable Energy Transition: Circular Economy and Sustainable Financing for Environmental, Social and Governance (ESG) Practices. Springer Nature Switzerland. https://doi.org/10.1007/978-3-031-52943-6
- Müsgens, F., & Bade, A. (2024). Energy Trading and Risk Management. Springer Nature Switzerland. https://doi.org/10.1007/978-3-031-57238-8
- Thewissen, J., Arslan-Ayaydin, Ö., Westerman, W., & Dorsman, A. (Eds). (2024). The ESG Framework and the Energy Industry: Demand and Supply, Market Policies and Value Creation. Springer International Publishing. https://doi.org/10.1007/978-3-031-48457-5
Assessment methods and criteria
Portfolio assessment
Language
English
Number of ECTS credits awarded
4
Semester hours per week
Planned teaching and learning method
Lectures, discussions, exercises, case studies, group work
Semester/trimester in which the course/module is offered
2